guru267 wrote:Aguytrying wrote:I understand that the share will fall like meteorite after books closure, but there will be money in the bank. Its still a 17% dividend yield at 300. I jumped in, That yield was irresistible, In no hurry to sell the share/don't need to
If the share falls back to 200 after books closure you will be facing a 34% capital loss against a 17% dividend gain...
As opposed to one who buys at 200 after books closure for a 10% dividend and little or no capital destruction...
sorry to say but For a long term investor you sure seem to focus on short term news flow for your decision making..
I've joined the party late. i saw the chance to exorcise my demons and i took it. That dividend!!! after i suffer the 34% capital erosion. I'll also get the 10%( for me might be 7%)dividend. 34-(17+7)= negative 10% on my investment. Not bad, as i wont take the loss by selling, and no hurry/pressure to sell in next even 2 yrs.
Also the future is very promising for the company, and there may be share actions:bonus, splits who knows.
For the last paragraph scathing attack(light note). Special dividends like this call for special unorthodox/actions.
The investor's chief problem - and even his worst enemy - is likely to be himself